Sikaman to acquire Snow Lake tailings deposit
Toronto-based Sikaman Gold Resources (TSE) says it has entered into agreements which would give it the right to treat a gold tailings deposit at Snow Lake, Man. The tailings deposit, owned by Nor-Acme…
1988
Orleans drilling
Favorable drilling results have been released by Orleans Resources (ME) from the Tangier property (East block) in Nova Scotia located 51 miles northeast of Halifax. Orleans is earning a 50% interest i…
Inco Gold to Increase Stake in High River
The proceeds of a private placement by Inco Gold (TSE) will be used by High River Resources (VSE) to fund exploration programs on the Snow Lake property located 100 miles west of Thompson in northern …
Toronto Stock Exchange Free trade concerns keep index flat and
A much-expected Republican election victory combined with concerns of a Liberal government in Canada kept the market twitching nervously. After a couple of days of steep declines earlier in the week w…
United Keno losing miners
A shortage of skilled miners and low metal prices are affecting silver production at the Elsa Mine, located 500 km north of Whitehorse, Yukon Territory. The Elsa silver mine, owned and operated by Uni…
New consulting firm
Several professional mining engineers and geologists, formerly employees of Robertson & Associates, have established a consulting firm under the name Micon International Limited. The group, in recent …
Minnova boosts Laramide interest
Recently becoming a major shareholder of Laramide Resources (VSE) was Minnova Inc. (TSE) The precious and base metal producer bought 2.5 million shares of Laramide in a private placement at 90 per sh…
Spot prices at a glance (November 14, 1988)
Week’s Price (US) Change Gold (per oz) $419.50 + $ 7.00 Silver (per oz) $ 6.41 + $ 0.06 Platinum (per oz)$582.00 + $ 9.00 Copper (per lb) $ 1.51 — $ 0.02 Lead (pe…
Editorial A threat to sovereignty
The greatest threat to Canadian sovereignty today is not free trade but a growing public debt that is running out of control. In recent years, the economy has been humming along nicely. But beneath th…
Stratmin finds second client
A second buyer has been lined up by Stratmin Inc. (ME) for its Quebec graphite concentrates. The company says an agreement in principle has been reached with C. ITOH Ceramics Corp. of Japan whereby th…
Metal Prices PRODUCER PRICES (November 14, 1988)
ALUMINUM: MW U.S. Market $1.07-$1.09 per lb. (Oct 27, 1988). ANTIMONY: New York dealer $1.05-$1.10 per lb. (Aug 25, 1988). BISMUTH: New York dealer $5.90-$6.00 per lb. (Oct 20, 1988). CADMIUM: New Yo…
MRI revenues up from 1987 level
As indicated by its recent financial results Mineral Resources International (TSE) is continuing to benefit from zinc prices which jumped recently to $1,350(US) per tonne from $820 a year ago. MRI’s n…